fha secure: FHA Secure Refinance
- 12/13/07 04:09 PM
Will the 3 month old FHASecure Initiative save all the borrowers with subprime mortgages facing foreclosure? The crystal ball is still a little murky on this issue. However, according to statistics, more than 40,000 FHA Secure loans have been approved. Many of the subprime mortgages at issue have loan amounts far above today's FHA mortgage limits. Legislation is under consideration that would raise those limits, but nothing is in place yet to do so. If this FHA reform does pass, many thousands of home owner's will be helped.The HUD Mortgagee Letter announcing the FHASecure program states:"If the new maximum FHA loan … (0 comments)
Will the 3 month old FHASecure Initiative save all the borrowers with subprime mortgages facing foreclosure? The crystal ball is still a little murky on this issue. However, according to statistics, more than 40,000 FHA Secure loans have been approved. Many of the subprime mortgages at issue have loan amounts far above today's FHA mortgage limits. Legislation is under consideration that would raise those limits, but nothing is in place yet to do so. If this FHA reform does pass, many thousands of home owner's will be helped.The HUD Mortgagee Letter announcing the FHASecure program states:"If the new maximum FHA loan … (0 comments)
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